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Adani Power Limited (ADANIPOWER.NS)

INR226.17 +10.71 (+4.97%)
IN NSE Utilities Independent Power Producers
Address Adani Corporate House 382421
Ahmedabad, IN
CEO Shersingh Khyalia
IPO 2009-08-20
ISIN INE814H01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ADANIPOWER.BO (INR) National Stock Exchange of India · ADANIPOWER.NS (INR)
Description

Adani Power Limited is a prominent Indian enterprise focused on the production, transmission, and commercialization of electricity. The company's sales strategy incorporates a range of Power Purchase Agreements (PPAs), spanning long-term, medium-term, and short-term durations, in addition to direct merchant sales. Power generation is primarily sourced from both thermal and solar facilities. Its diverse array of operational power projects collectively contributes an impressive 13,650 MW of installed capacity. This includes significant contributions from sites such as Mundra, Gujarat (4,620 MW); Tiroda, Maharashtra (3,300 MW); Kawai, Rajasthan (1,320 MW); Udupi, Karnataka (1,200 MW); Raipur, Chhattisgarh (1,370 MW); Raigarh, Chhattisgarh (600 MW); Singrauli, Madhya Pradesh (1,200 MW); and Bitta, Gujarat (40 MW). In an additional venture, the company also participates in coal trading. Established in 1988, Adani Power Limited has its main office located in Ahmedabad, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR226.17 +10.71 (+4.97%)
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Volume Profile
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Liquidity & share structure
Average Volume
48M
Beta
0.50
Float Shares
2.76B
Free Float %
14.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-5.58% -8.86% +19.24% +39.95% +37.93% +46.60% +91.78% +335.19% +975.58% +3,364.96% +947.10%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
226.17
DCF (Unlevered) 191.85 -15.2%
DCF (Levered) 165.35 -26.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 6 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
4.28
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
5 / 5
High
ROA Score
5 / 5
High
D/E Score
3 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Independent Power Producers: +3.4%
    -4.3% Q1'26: +2.3% (vs Q1'25)
  • EPS growth Independent Power Producers: -2.8%
    +2.5% Q1'26: +90.8% (vs Q1'25)
  • FCF margin FCF growth · Independent Power Producers: +37.9%
    +15.7% Q1'26: +29.7% (vs Q1'25)
  • EBIT margin Independent Power Producers: +18.7%
    +27.5% Q1'26: +26.9% (vs Q1'25)
  • ROIC Independent Power Producers: +4.3%
    +11.0% Q1'26: +13.6% (vs Q1'25)
  • Share dilution Independent Power Producers: +0.0%
    -1.7% Q1'26: -3.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Independent Power Producers: 3.09×
    2.83× Q1'26: 2.70× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.50) × ERP
WACC = 88% × Ke + 12% × Kd (6.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 192.00 Current price: 226.17
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2012
actual
Mar 2013
actual
Mar 2014
actual
Mar 2015
actual
Mar 2016
actual
Mar 2017
actual
Mar 2018
actual
Mar 2019
actual
Mar 2020
actual
Mar 2021
actual
Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
7 Rev. Ana.
5 EPS Ana.
Mar 2027
6 Rev. Ana.
6 EPS Ana.
Mar 2028
7 Rev. Ana.
6 EPS Ana.
Mar 2029
2 Rev. Ana.
2 EPS Ana.
Mar 2030
1 Rev. Ana.
1 EPS Ana.
Mar 2031
1 Rev. Ana.
1 EPS Ana.
Revenue
40.90B
est: 45.10B (-9.3%)
67.79B
est: 70.38B (-3.7%)
154.64B
est: 139.56B (+10.8%)
188.24B
est: 195.99B (-4.0%)
255.32B
est: 234.07B (+9.1%)
226.16B
est: 234.07B (-3.4%)
203.04B
est: 234.98B (-13.6%)
238.84B
est: 220.15B (+8.5%)
264.68B
est: 229.52B (+15.3%)
262.21B
est: 262.65B (-0.2%)
277.11B
est: 297.14B (-6.7%)
387.73B
est: 277.81B (+39.6%)
503.51B
est: 289.85B (+73.7%)
562.03B
est: 557.09B (+0.9%)
546.38B
526.79B – 560.95B
-1.9% YoY
627.89B
605.06B – 683.58B
+14.9% YoY
730.59B
671.26B – 824.29B
+16.4% YoY
934.57B
878.09B – 1.04T
+27.9% YoY
1.10T
1.03T – 1.22T
+17.2% YoY
1.43T
1.34T – 1.59T
+30.7% YoY
EBITDA
13.28B
est: 16.62B (-20.1%)
10.87B
est: -1.27B (+952.4%)
48.91B
est: -38.66B (+226.5%)
52.15B
est: -42.79B (+221.9%)
88.36B
est: -35.58B (+348.4%)
60.67B
est: -20.34B (+398.3%)
58.71B
est: -79.79B (+173.6%)
54.47B
est: -40.81B (+233.5%)
59.22B
est: -20.49B (+389.0%)
86.76B
est: -33.88B (+356.1%)
99.19B
est: -35.95B (+375.9%)
102.03B
est: -37.42B (+372.7%)
182.16B
est: 97.89B (+86.1%)
213.88B
est: 230.97B (-7.4%)
226.53B
218.41B – 232.57B
-1.9% YoY
260.33B
250.86B – 283.41B
+14.9% YoY
302.90B
278.31B – 341.75B
+16.4% YoY
387.48B
364.06B – 430.07B
+27.9% YoY
453.99B
426.55B – 503.90B
+17.2% YoY
593.39B
557.53B – 658.63B
+30.7% YoY
EBIT
6.80B
est: 22.40B (-69.7%)
-2.03B
est: 11.34B (-117.9%)
26.73B
est: -6.07B (+540.5%)
33.97B
est: 38.01B (-10.6%)
61.73B
est: 41.37B (+49.2%)
33.97B
est: 61.64B (-44.9%)
31.75B
est: -7.20B (+541.0%)
26.99B
est: 29.12B (-7.3%)
29.40B
est: 31.62B (-7.0%)
55.04B
est: 20.37B (+170.2%)
68.28B
est: 21.62B (+215.9%)
69.28B
est: 22.50B (+208.0%)
143.23B
est: 45.87B (+212.2%)
171.47B
est: 199.54B (-14.1%)
195.70B
188.68B – 200.92B
-1.9% YoY
224.90B
216.72B – 244.84B
+14.9% YoY
261.68B
240.43B – 295.24B
+16.4% YoY
334.74B
314.51B – 371.54B
+27.9% YoY
392.20B
368.50B – 435.32B
+17.2% YoY
512.64B
481.65B – 568.99B
+30.7% YoY
Net Income
-2.87B
est: 11.15B (-125.8%)
-22.95B
est: -4.43B (-417.6%)
-2.91B
est: -45.51B (+93.6%)
-8.16B
est: -4.00B (-103.7%)
5.51B
est: -10.03B (+154.9%)
-61.74B
est: 5.51B (-1,219.6%)
-21.03B
est: -57.80B (+63.6%)
-9.84B
est: -21.47B (+54.2%)
-22.75B
est: -11.62B (-95.8%)
12.70B
est: -24.13B (+152.6%)
49.12B
est: -25.60B (+291.8%)
107.27B
est: -26.65B (+502.6%)
208.29B
est: 7.86B (+2,551.5%)
129.39B
est: 119.36B (+8.4%)
111.57B
104.69B – 118.45B
-6.5% YoY
134.85B
114.93B – 172.39B
+20.9% YoY
169.22B
130.64B – 197.88B
+25.5% YoY
184.81B
184.18B – 189.99B
+9.2% YoY
273.36B
251.88B – 312.42B
+47.9% YoY
417.60B
384.79B – 477.28B
+52.8% YoY
SGA
3.50B
est: 3.31B (+5.7%)
3.41B
est: 5.15B (-33.8%)
5.29B
est: 13.94B (-62.1%)
3.30B
est: 10.82B (-69.5%)
3.80B
est: 12.53B (-69.7%)
3.79B
est: 11.40B (-66.7%)
3.80B
est: 9.28B (-59.0%)
5.02B
est: 9.67B (-48.1%)
4.33B
est: 11.74B (-63.1%)
4.38B
est: 16.08B (-72.8%)
4.76B
est: 17.07B (-72.1%)
5.81B
est: 17.76B (-67.3%)
6.60B
est: 4.40B (+50.1%)
7.98B
est: 14.18B (-43.7%)
13.90B
13.40B – 14.27B
-1.9% YoY
15.98B
15.40B – 17.39B
+14.9% YoY
18.59B
17.08B – 20.98B
+16.4% YoY
23.78B
22.34B – 26.40B
+27.9% YoY
27.86B
26.18B – 30.93B
+17.2% YoY
36.42B
34.22B – 40.42B
+30.7% YoY
EPS
-0.26
est: 2.12 (-112.4%)
-9.59
est: -6.13 (-56.5%)
-0.70
est: -7.70 (+90.9%)
-0.90
est: -5.10 (+82.4%)
0.37
est: -3.01 (+112.3%)
-3.56
est: -0.60 (-490.7%)
-1.09
est: -0.28 (-286.3%)
-0.64
est: -1.20 (+46.5%)
-1.64
est: -1.08 (-51.8%)
0.01
est: -0.63 (+102.1%)
1.93
est: 1.24 (+55.6%)
4.91
est: 0.28 (+1,653.6%)
10.32
est: 0.40 (+2,480.0%)
6.46
est: 6.61 (-2.3%)
5.83
5.40 – 6.11
-11.9% YoY
6.86
5.93 – 8.89
+17.7% YoY
8.36
6.74 – 10.21
+21.9% YoY
9.65
9.50 – 9.80
+15.4% YoY
14.10
12.99 – 16.12
+46.1% YoY
21.54
19.85 – 24.62
+52.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-11 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-08 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-07 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-06 A- 4/5 4/5 5/5 5/5 3/5 2/5 1/5
2026-05-05 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-05-04 A 4/5 5/5 5/5 5/5 3/5 3/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5
2026-04-15 C 2/5 5/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
72.38B
OE per share TTM
3.51
Owner's Yield
1.78%
Maintenance CapEx ratio
44.01%
Maint CapEx / Avg PPE
176.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
44.86M
Shares Outstanding
19.28B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Shersingh Khyalia Chief Executive Officer & Whole-time Director 92M male
Dilip Kumar Jha Chief Financial Officer 29M male
Puneet Bansal Company Secretary & Compliance Officer 7M male
Deepak S. Pandya Company Secretary & Compliance Officer 7M male
Rajiv Kumar Rustagi Vice President of Finance & Accounts male
Gautambhai Shantilal Adani Founder & Non-Executive Non-Independent Chairman male
Anil Kumar Sardana AICWA PGDBM MD & Executive Director male
Amitabh Mishra Chief Human Resources Officer male
Nishit Dave Head of Investor Relations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits